Research On The Legal System Of Bank-tax Interaction

As a new force in Chinese national economy and social development,SMEs have played an important role in improving people’s livelihood,promoting entrepreneurship and innovation and expanding employment.However,the development of SMEs has been limited by financing problems.In 2015,the State Administration of Taxation and China Banking Regulatory Commission jointly published the system of "Bank-tax Interaction",which helped enterprises translates tax credit into financing credit by sharing tax-related information and bank account information of enterprises between tax authorities and banking financial institutions.On the one hand,by alleviating the problem of information asymmetry between Banks and enterprises,this measure optimizes the problem that SMEs are restricted by financing “risk preference” of banks.On the other hand,by enhancing tax compliance of SMEs,we can improve the quality and efficiency of tax collection and management of tax authorities.However,seen from the practical results of the theoretical research and operation of "bank-tax interaction",there are still many defects in the system.This paper will start from the basic concept and operation mode of "bank-tax interaction",combine with the current situation of local bank-tax cooperative operation,and carry out some theoretical analysis and empirical discussion on the legal problems and countermeasures of "bank-tax interaction" system.The first chapter in this paper discusses the basic theory of the " bank-tax interaction" system and its impact on the financing environment of SMEs,combine the operation status of the system to reveal the operational value of the system and triggers a discussion on the existing deficiencies of the system.The second chapter in this paper discusses the domestic legal issues of the "bank-tax interaction" optimizing the financing problems of SMEs.Although China has issued the notice on carrying out relevant legal norms guiding the operation of " bank-tax interaction" system,from the perspective of legislation,there are still problems of low legislative level and excessively principled legal norms.From the perspective of practice,through the tax credit evaluation system,bank tax information sharing,bank tax information confidentiality and bank tax collaborative governance analysis the "bank-tax interaction" system operation problems and causes.The third chapter in this paper through the analysis of relevant foreign experience in the rule of law,especially in-depth analyze the legal system model of bank-tax cooperation in the United States,Japan and the United Kingdom,and draws on advanced experience in combination with Chinese national conditions.The fourth chapter in this paper combining the analysis of foreign advanced legal experience and based on those problems put forward in the second chapter in this paper,presents feasible system recommendations for " bank-tax interaction" optimizing the financing problems of SMEs,including accelerating the legislative construction of bank tax cooperation,improving the system of tax credit evaluation,strengthening the information sharing system between bank and tax,constructing the legal system of information security and so on.Finally,this paper summarizes the current situation of the system and puts forward a prospect for its future development.